Madras high court orders compulsory 5 years insurance for new cars

Madras high court’s ruling of compulsory 5 years car insurance can increase the cost of new cars by up to 5 lakhs. The Madras high court decision mandating 5-year ‘bumper-to-bumper’ car insurance is all set to raise the cost of car purchase by 8-10 percent of its current price. Dealers and car marketers expect that […] August 29, 2021 at 10:35AM